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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Boca_PETE who wrote (3399)2/21/1999 9:00:00 PM
From: David Bogdanoff  Read Replies (2) of 15132
 
P;

Interesting question. As I said before, CNBC is simply not trying to evaluate its guest analysts/commentators/ceos and undoubtedly does not have the expertise to do a credible job. They might have a special segment in which there is some sort of competition between participating analysts. the WSJ does this sort of thing in an ongoing competition between a group of three rotating analysts and the dart board. I expect that the guests currently donate their time, and it would greatly diminish the pool of potential guests if they were put under the microscope of evaluation. There is a brief review of the past 3 recommendations on Taking Stock, and you should see the defensiveness when the performance is poor.

Its interesting to note that nobel prize winner William Sharpe thinks that most, perhaps all, analysts underperform an index fund. If there are some superior analysts, he thinks that one cannot identify them in time to use their skills to advantage. If Sharpe is right, evaluating analysts is pointless exercise.

David

David
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